In the News—Week of February 17 2021
Around the Nation
Buc-ee’s convenience store to open its first location in Florida
Buc-ee’s will make its first foray into Florida, opening a 52,600-square-foot convenience store and filling station next week near Jacksonville, Florida, the Houston Chronicle reports. For those outside the Lone Star State, it may be difficult to understand what the fuss is about. It may be one of those things, you have to experience to truly understand. The store will have 104 fueling stations and, we assume, spacious clean restrooms, and offer Texas Beaver nuggets and Texas barbecue. Buc-ee’s was a Texas-only chain until 2019 when the company expanded into Alabama and Georgia.
Energy & Environment
Germany to spend 6 billion euros on making buildings more efficient
The German government has announced plans to spend up to $7.2 billion on programs to make buildings more energy-efficient, Reuters reports. The programs include support for insulation and more efficient heating. “The building sector is an important factor if we want to make the energy transition a success,” the country’s economy minister, Peter Altmaier, says.
Howard Hughes Corporation spruces up former Anadarko tower
The Hughes Corporation has a lot of space to fill and hopes that pickleball can help lure some tenants, the Houston Chronicle reports. The 31-story 9950 Woodloch Forest Tower, which served as headquarters for Anadarko, has been largely empty since the energy company was acquired by Occidental Petroleum. Hughes relocated its headquarters, but it would like to have more neighbors. New amenities will include pickleball, which is a form of tennis on a smaller court with paddles instead of racquets.
Verizon has major shipping hub in works for North Fort Worth
Verizon and partner XPO Logistics are making plans for a shipping hub in North Fort Worth, The Dallas Morning News reports. The $28.5 million project near Interstate 35W and Loop 820 would include more than 600,000 square feet of warehouse space. XPO, which is based in Connecticut, operates three warehouses in the area and also operates facilities in North Richland Hills, Flower Mound and elsewhere in Fort Worth.
Florida company plans 1,600 luxury units after 33-acre acquisition
For its foray into the Valley of the Sun, Florida-based ZOM Living acquired 33 acres in Phoenix and Scottsdale and plans to build 1,600 luxury units, Connect Phoenix reports. The units will be built in North Phoenix, Scottsdale and the Biltmore District. ZOM Living, which plans to open a regional office in the area, acquired the land through a bankruptcy auction.
Logistics company iVoy plans expansion to the rest of the country
IVoy, a logistics company that started operations in Mexico City in 2011 and now has operations in Guadalajara, plans to invest $5 million to $10 million to expand operations throughout the country. The company has alliances with retailers such as Liverpool, Walmart, and Inditex. “Last year we grew between 350 and 400%. Our current plan is to improve our services to be the main shipping option for SMEs in the country,” iVoy CEO Álvaro de Juan Uriarte says.